Some members of the Organization of the Petroleum Exporting Countries are considering suspending Russia's participation in the oil production agreement. This is reported by The Wall Street Journal, citing OPEC delegates..

Discussions were sparked by Western sanctions against Russia and a partial embargo on Russian oil adopted by the European Union, which threaten Moscow's ability to produce more.

As noted, last year Russia (which is not a member of the Organization of the Petroleum Exporting Countries) agreed with OPEC and nine other states that are not members of the organization to increase oil production every month.. However, Russian production is now expected to fall by about 8% in 2022..

There is no official call yet for OPEC to produce more oil to make up for potential supply shortages, delegates said.. However, some GCC countries have already begun planning to increase production in the coming months..

If Russia is excluded from the agreement, then Saudi Arabia, the United Arab Emirates and other producers will have the opportunity to replace it in the global oil market..

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Earlier it was reported that Nigeria is ready to replace Russian oil in the market as part of its quota under the OPEC + deal, if such a request arises.. Since Nigeria is not interested in rising prices for "

Recall that the disputes about the oil embargo for Russia lasted more than a month.

It got to the point that all EU countries convinced Hungary of the need for this step. On the evening of May 30, the sixth package of sanctions, including the oil embargo, albeit partial, was nevertheless agreed upon and released from it by Hungary, which will continue to import Russian oil through the pipeline.

By the way, in Russia they have already reacted to the next sanctions strike - they pretend that nothing happened and they will simply look for new markets..